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Oil Markets
Crude Oil News

Oil Markets Await the Next OPEC+ Announcement

March 1, 2024 Mariel Alumit

Oil prices remained stubbornly rangebound in February as signs of a recovering U.S. economy were countered by weaker economic data in both Europe and China. Friday, March 1st 2024 Diverging macroeconomic news, with China and […]

Oil Projects
Big Oil Companies

Norway Greenlights Startup of Aker BP, ConocoPhillips Oil Projects

March 1, 2024 Mariel Alumit

ConocoPhillips Co. and Aker BP ASA have received consent from Norwegian authorities to start production in two separate oil projects in the North Sea. Expected to go onstream by March, the northern part of the […]

BP
Big Oil Companies

BP to Invest $1.5B in Egypt

February 29, 2024 Mariel Alumit

BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]

Big Oil Companies

Daily Energy Standup Episode #317 – Granholm’s Clean Energy Agenda, First Solar’s Impact, and Saudi Arabia’s Oil Woes

February 27, 2024 Andy Del Prado

Daily Standup Top Stories Energy Secy. Granholm explains the clean energy ‘battle’ – Really? February 26, 2024 Stu Turley The Biden administration has made some big investments into infrastructure and clean energy initiatives within the US. […]

Chevron
Big Oil Companies

Chevron’s $53 Billion Deal for Hess in Jeopardy on Possible Exxon Challenge

February 26, 2024 Stu Turley

Chevron CVX -0.14%decrease; red down pointing triangle  warned investors Monday that Exxon Mobil XOM 0.39%increase; green up pointing triangle   and China’s Cnooc are asserting they have a right to pre-empt the company’s bid for a stake in a prolific oil project off […]

Tortue
Exports

Kosmos: BP’s Tortue project to produce first LNG in Q4

February 26, 2024 Mariel Alumit

BP’s delayed Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, is now expected to start producing liquefied natural gas in the fourth quarter of this year, according to project partner Kosmos Energy. Kosmos […]

Flex LNG
Exports

Flex LNG secures two-year charter extension with BP

February 23, 2024 Mariel Alumit

EuropeGas Flex LNG The New York and Olso-listed Flex LNG has won an extension for its 2019-built 173,400 cu m LNG carrier Flex Courageous. This is the first extension option for the vessel which, the […]

Climate Crisis

Daily Energy Standup Episode #314 – Russia’s LNG Ambitions: A Game-Changer for Global Energy Markets

February 22, 2024 Andy Del Prado

Daily Standup Top Stories Russia to triple LNG exports by 2030 – deputy PM February 21, 2024 Mariel Alumit The country now ranks fourth in the world in terms of liquefied natural gas sales, according to […]

Big Oil Companies

North Sea platform electrification ‘key’ to unlock emission cuts from oil & gas production, says NSTA

February 21, 2024 Stu Turley

UK’s regulator North Sea Transition Authority (NSTA) has held a workshop on platform electrification with 11 major operators on the UK Continental Shelf (UKCS) and ten technology suppliers to discuss technical solutions to boost the […]

Big Oil Companies

Chicago sues oil companies for causing climate change, points to 1995 heat wave

February 21, 2024 Stu Turley

ENB Pub Note: This is a total weaponization of the legal system for fraudulent reasons. Facts, fiscal responsibility and physics matter when dealing with the cost of energy. The city of Chicago filed a sprawling lawsuit against […]

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